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REQUEST FOR NEW PAN CARD OR/AND CHANGES OR CORRECTION IN PAN DATA: [13] - The same form can be used by Indians as well as foreign citizens for update of PAN data or Reprint of PAN Card. A new PAN card bearing the same PAN but updated information is issued to the applicant, in such a case. [14] PAN allotment based on Aadhaar is free of cost. A ...
In 1964, UTI launched its first investment scheme Unit Scheme-1964 initially RBI had the regulatory and administrative control. UTI had the monopoly of the mutual fund industry till 1987 when the Government of India permitted public sector banks and financial institutions to sponsor mutual funds. [2] [3] Golden Jubilee Year - Commemorative Stamp
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. [8] It is India's third largest private sector bank by assets and fourth largest by market capitalisation.
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
The company provides housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
The Unit Trust of India (UTI) faced a significant crisis in 2001, which was primarily due to large-scale redemption pressures and mismanagement, particularly in its flagship scheme, US-6412. The crisis was exacerbated by the Ketan Parekh scam, which caused a sharp decline in stock prices, leading to mutual funds, including UTI’s schemes ...
HDFC may refer to: Housing Development Finance Corporation, an Indian mortgage company; HDFC Bank, an Indian financial services company; HDFC Life, a joint venture of Housing Development Finance Corporation and Standard Life plc; HDFC Bank of Sri Lanka, a Sri Lankan specialised housing bank
The following Committees have been constituted by the Board of Directors of UIIC: [9] Audit Committee's terms of reference include: Oversight of (a) the Company's financial reporting, quarterly and annual disclosure of the correct, sufficient and credible financial information, and (b) its Internal Audit Department's efficient functioning, review of the findings and investigation where deemed ...